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I hear you and you raise good points,
particularly about Mickey Mantle's bat! :) However, I *did* a search for
TradeSim on this and the metastock.com forum and found mostly people suggesting
TradeSim as a backtesting alternative to MS's own system tester. Most people
liked it, I gathered, but on what basis I can't really figure, since not many
detials were provided. Without such specifics, I was hoping to elicit more
in-depth replies other than buy it, it's good, it's a great alternative to MS's
own, or I don't use it, that sort of thing. The only place I've found such
details is on their own site -- it's not clear to me what their official
homepage is -- and we all know that commercial advertisements aren't always the
most objective :) Furthermore, it's not clear which version is owned by most. Is
the Monte Carlo version that indispensible? I hadn't heard much of this
theory before other than in Kaufman's Trading Systems and Methods book and, to
me at least, he seemed not too enthusiastic. Are the lesser versions sufficient?
There are plenty of posts on this board and on the
equismetastock
group about TradeSim. You can search the archieves and find
everything
you could want to know. The members don't need to reinvent the
wheel
over and over when it's already there, if you'll look them up.
Jose
uses it and likes it a lot.
TradeSim works just fine, but it's
only as good as your skills at
system development. I've developed a lot of
very good systems over
many years and still continue testing and developing.
I don't use
TradeSim. I know the problems with the MS systems tester (which
are
many), but I also know the limitations of systems testing in
general
so I don't feel I'm missing much by not having TradeSim. Results
from
TradeSim are no better in live trading than the results from the
MS
systems tester. TradeSim is a really good product and
professional
tool, but it's just one more tool and not an answer in a
box.
I've read many books on systems development and testing,
which I
recommend you do before spending over $1000 for a testing tool.
Don't
ask which one is the best book. Read 8 or 9 and you'll start to get it.
There are a lot of posts on here (and the big site) regarding the
best
tool, the best books, the best indicators, the best system. Forget
it.
You're going to have to screw around with a lot of stuff and figure
it
out for yourself. It's about you, not the tools.
If you bought
Mickey Mantle's baseball bat, could you hit the ball as
well? There are
hundreds of bats for hundreds of hitting styles.
Roy's newsletter
www.metastocktips.co.nz is the best MS tool. Roy has
a free set of systems
testing tools, that while not a polished as
TradeSims, do produce very good
results.
You'll learn more about trading from Roy's newsletter than
anything
that TradeSim will do for you.
--- In
Metastockusers@xxxxxxxxxxxxxxx, "Gary Nielson" <gary@xxxx> wrote:
>
I am thinking of buying TradeSim, the backtesting add-on for
Metastock. I
am
> interested in other's comments on its pros and cons, strengths
and
> limitations, support, etc. Any feedback appreciated.
Thanks.
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